Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable, net $ 33,760 $ 39,462 $ 39,897 89,600 62,900 52,300 Merchandise inventory Prepaid expenses Plant assets, net 111,000 10,872 315,746 82,500 10,359 288,381 56,000 4,433 242,470 Total assets $560,978 $483,602 $ 395,100 $ 142,477 $ 83,363 $ 53,196 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 107,573 162,500 148,428 113,453 162,500 124,286 89,063 162,500 90,341 Total liabilities and equity $560,978 $483,602 $ 395,100 CULL.COM pter 13 The company's income statements for the years ended December 31, 2015 and 2014, follow. Assume that all sales are on credit: For Year Ended December 31 2015 2014 $575,486 Sales Cost of goods sold Other operating expenses Interest expense Income taxes $ 729,271 $444,855 226,074 12,398 9,481 $374,066 145,598 13,236 8,632 Total costs and expenses 541,532 692,808 Net income $ 36,463 $33,954 Earnings per share $ 2.09 Exercise 13-8 Part 2 (3)Compute inventory turnover. Inventory Turnover Choose Denominator: Choose Numerator: = - Inventory Turnover Inventory turnover times 2015: ces 2014: times Exercise 13-8 Part 4 (4) Compute days' sales in inventory. Days' Sales In Inventory Choose Denominator: x Days Choose Numerator: Days' Sales In Inventory Days' sales in inventory days 2015: 2014